$1,400,000
$1,650,000
15.2%For more information regarding the value of a property, please contact us for a free consultation.
0.39 Acres Lot
SOLD DATE : 12/23/2022
Key Details
Sold Price $1,400,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Tahquitz River Estat
MLS Listing ID 219086115PS
Sold Date 12/23/22
Construction Status Fixer
HOA Y/N No
Year Built 1952
Lot Size 0.390 Acres
Property Description
Solid income potential, 10 units close to downtown Palm Springs. Off street parking with the possibility for 2 additional spaces. Exceptional investment opportunity with an upside in rental income. Building consists of one (1) bedroom, eight (8) studios and one spacious three (3) bedroom, 2 bath former owners' unit. Several units renovated in 2018. 100% occupied, showings will require a 48 hour notice. Attached documents include the current rent roll and current/projected income and expenses. Please do not disturb tenants. Strong cash flow potential. For showings contact listing agents.
Location
State CA
County Riverside
Area 334 - South End Palm Springs
Interior
Heating Central, Forced Air, Natural Gas
Cooling Wall/Window Unit(s)
Flooring Carpet, Tile
Fireplaces Type Living Room, Masonry
Fireplace Yes
Appliance Gas Range, Refrigerator, Vented Exhaust Fan, Water Heater
Exterior
Garage Side By Side, Unassigned
Pool In Ground, Tile
Community Features Gated
View Y/N Yes
Roof Type Flat,Foam
Total Parking Spaces 11
Private Pool Yes
Building
Lot Description Cul-De-Sac, Lawn, Landscaped, Level, Paved
Story 1
Entry Level One
Foundation Slab
Level or Stories One
New Construction No
Construction Status Fixer
Others
Senior Community No
Tax ID 508181011
Security Features Gated Community
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Financing Cash
Special Listing Condition Standard
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Bought with Laurie Ridgeway • HomeSmart Professionals
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